Estee Lauder named in Bloomberg 2019 Gender Equality Index
Gender equality is a major talking point in industry, as a number of factors over the last few years have highlighted the fact that there’s still a glass ceiling. Some of those factors include the (increasingly public) disparity between what male celebrities are paid and what female celebrities are paid for similar work; the MeToo movement, which highlighted the gulf between male and female social agency; and new reports over the gender gap when it comes to payment and female representation in top jobs around the world. Estee Lauder remains a company dedicated to closing that gap – and now, it’s being recognised for it.
Estee Lauder’s share price has been largely flat over the past five days
Source: Yahoo Finance
This year, the Bloomberg Gender Equality Index includes 230 companies worldwide that have been highlighted as recognising companies’ commitment to transparency and egalitarianism in regards to advancing women’s equality. This year, the index is larger and more scientifically robust than it was in 2018, with four set areas across which companies are assessed, and the inclusion of all which “score above a globally-recognised threshold.”
William P. Lauder, the company’s executive chairman, said: “We are honoured that The Estee Lauder Companies has been included in the 2019 Bloomberg Gender-Equality Index. As a values-driven company, inclusion and diversity are part of the fabric of who we are, and our practices reflect our unwavering commitment to supporting and celebrating the individuality of every employee. We are proud to be part of such an important conversation driving transparency, progress and action around gender equality and respect for every individual.”
Estee Lauder’s president and CEO, Fabrizio Freda, added: “We understand the unique and endless possibilities that result from collaboration among employees with varying experiences, perspectives and talents, and we are focused on ensuring that diversity continues to be embedded in our company values, culture and business strategy. Fostering an inclusive and diverse workforce is paramount to generating fresh ideas and meeting the needs of our global consumers through our quality products and high-touch service.”
Dominion holds Estee Lauder in its Global Trends Luxury Fund.
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